Olympic Oil Industries News

Olympic Oil Industries Reports Quarterly Loss of Rs 5.5 Lakh for September 2025

Olympic Oil Industries Limited posted a net loss of Rs 5.5 lakh for the quarter ended September 30, 2025, compared to a loss of Rs 5.05 lakh in the previous quarter. The company's board approved the unaudited financial results showing continued losses with basic earnings per share at negative Rs 0.11 for the quarter.

Olympic Oil Industries Reports Loss and Key Management Resignation

Olympic Oil Industries Limited approved unaudited financial results for the quarter ended June 30, 2025, showing a net loss of Rs 7.94 lacs with basic earnings per share of negative Rs 0.28. The company reported zero operational income and total expenses of Rs 7.94 lacs, primarily consisting of other expenses worth Rs 7.14 lacs and employee benefit expenses of Rs 0.79 lacs. Additionally, Ms. Mansi Bajpai resigned from her position as Company Secretary & Compliance Officer effective September 1, 2025, citing personal reasons. The board meeting was held on August 14, 2025, and the financial results were subjected to limited review by statutory auditors.

Olympic Oil Industries Resubmits Statutory Auditor's Report After BSE Format Discrepancy

Olympic Oil Industries Limited has resubmitted its Statutory Auditor's Report for the year ended March 31, 2025, to BSE Limited after the exchange identified a discrepancy in the audit report format. The company referenced its previous letter dated May 30, 2025, regarding board meeting outcomes and responded to BSE's email about the format issue. The corrected statutory auditor's report covers the financial results for the quarter and year ended March 31, 2025. The submission was signed by Nipun Verma, Whole-time Director, on July 25, 2025.